Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Question
Chapter 18, Problem 7P
To determine
(a)
To explain:
The relationship between the natural rate of
To determine
(b)
To find:
The effect on unemployment and normal rate of unemployment in the given situations.
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Is the increase in labor force participation rates among women better thought of as causing an increase in cyclical unemployment or an increase in the natural rate of unemployment? Why?
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Unemployment rates have been higher in many European countries in recent decades than in the United States. Is the main reason for this long-term difference in unemployment rates more likely to be cyclical unemployment or the natural rate of unemployment? Explain briefly.
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The U.S. unemployment rate increased from 4.6 in July 2001 to 5.9 by June 2002. Without studying the subject in any detail, would you expect that a change of this kind is more likely to be due to cyclical unemployment or a change in the natural rate of unemployment? My?
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Over the long term, has the U.S. unemployment rate generally trended up, trended down, or remained at basically the same level?
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What term describes the remaining level of unemployment that occurs even when the economy is healthy?
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